BATON ROUGE, La.--(BUSINESS WIRE)--Dec. 13, 2004--The Shaw Group
Inc. (NYSE: SGR) today announced that its subsidiary, Shaw
Environmental & Infrastructure, Inc., was awarded the prestigious
Construction Industry Safety Excellence (CISE) Constructor Award by
the Construction Users Roundtable (CURT) at their recent Annual
National Construction Conference. The CISE Award is presented in
several Standard Industry Classification (SIC) Code Groups. Shaw
received the award for the CISE SIC 17 group which includes
Construction Specialty Trade contractors with greater than 2 million
effort hours annually.
J.M. Bernhard, Jr., Shaw's Chairman and Chief Executive Officer
stated, "Shaw is extremely honored to receive such a prestigious award
by the Construction Users Roundtable. This honor speaks volumes about
the dedicated team of professionals at Shaw E&I and their continued
commitment to safety excellence especially considering the hazardous
nature of many of our worksites. This award makes me personally proud
of our efforts to maintain the highest safety standards in the
industry."
The CISE Constructor Award recognizes outstanding safety
performance by a contractor over the previous three years. A
comprehensive application was submitted by Shaw which included Shaw's
OSHA injury/illness statistical data, its effectiveness in managing
subcontractor safety performance, its safety management system, and a
review of its safety performance with three client companies. The
application was then reviewed by the CISE Award committee comprised of
construction owners and peers.
The Construction Users Roundtable is an association of leading
corporations in the United States, dedicated to the promotion of cost
effective construction methods. The members, as major consumers of
construction services across the country, seek to foster improved
construction safety performance through recognition of the achievement
of excellence and promotion of proven effective work practices. The
CISE program seeks to encourage efforts by recognition of safety
leaders in all segments of the construction industry. The CISE awards
aim to highlight the achievement of companies that have created
world-class construction safety programs and have shown a dedication
to the concept of promoting zero injury.
The Shaw Group Inc. is a leading global provider of technology,
engineering, procurement, construction, maintenance, fabrication,
manufacturing, consulting, remediation, and facilities management
services for government and private sector clients in the power,
process, environmental, infrastructure and emergency response markets.
A Fortune 500 company, The Shaw Group is headquartered in Baton Rouge,
Louisiana, and employs approximately 17,000 people at its offices and
operations in North America, South America, Europe, the Middle East
and the Asia-Pacific region. For further information, please visit the
Company's website at www.shawgrp.com.
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for certain forward-looking statements. The statements
contained herein that are not historical facts (including without
limitation statements to the effect that the Company or its management
"believes," "expects," "anticipates," "plans," or other similar
expressions) and statements related to revenues, earnings, backlog, or
other financial information or results are forward-looking statements
based on the Company's current expectations and beliefs concerning
future developments and their potential effects on the Company. There
can be no assurance that future developments affecting the Company
will be those anticipated by the Company. These forward-looking
statements involve significant risks and uncertainties (some of which
are beyond our control) and assumptions and are subject to change
based upon various factors. Should one or more of such risks or
uncertainties materialize, or should any of our assumptions prove
incorrect, actual results may vary in material respects from those
projected in the forward-looking statements. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. A description of some of the risks and uncertainties that
could cause actual results to differ materially from such
forward-looking statements can be found in the Company's reports and
registration statements filed with the Securities and Exchange
Commission, including its Form 10-K and Form 10-Q reports, and on the
Company's website under the heading "Forward-Looking Statements".
These documents are also available from the Securities and Exchange
Commission or from the Investor Relations department of Shaw. For more
information on the company and announcements it makes from time to
time on a regional basis visit our website at www.shawgrp.com.
CONTACT: The Shaw Group Inc., Baton Rouge
Chris D. Sammons, 225-932-2546
SOURCE: The Shaw Group Inc.
